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Video: Netflix Price Hike Leads to Charity Effort
July 28, 2011 03:08 PM
Even in times of great social and economic strife, we as a nation must remember and assist the folks who are truly suffering: Netflix subscribers.
Two weeks ago, Netflix members were dealt a disheartening blow when the company announced it would be discontinuing the unlimited streaming and unlimited DVD rental option for $9.99 per month. Instead, the options will be split into two separate plans, each running $7.99 per month.
Now, to you and I, that may only amount to a few cents each day. But when you're waiting for just the right moment to devote your complete attention to getting caught up with
, those few cents can add up to quite a few Iced Venti Soy Lattes at Starbucks.
In response, subscribers took to the streets (i.e. Twitter) to
express their frustration
. But apparently, their grief was far too overwhelming, which prevented a larger outcry --
as Netflix CEO Reed Hastings noted
"Believe it or not, the noise level was actually less than we expected, given a 60% price increase for some subscribers," Hastings cruelly remarked. "We knew what we were getting into, we tried to be as straightforward as we could, and that has worked out very well for us."
Oh sure, but what about that trust fund kid in Brooklyn unable to choose between streaming
The Larry Sanders Show
or waiting for the DVD to arrive? Have you no decency?!
But relief is on its way.
Jason Alexander --
with the help of Funny or Die
-- has taken it upon himself to launch a relief fund for those who can't afford Netflix's new pricing structure.
In the interest of upper-middle-class twentysomethings everywhere, please give.
Netflix Relief Fund with Jason Alexander
Best Reactions to Netflix's Price Hike
Netflix Expected Much Worse
For an investment angle on these and many more tech stocks, take a
FREE trial to the TechStrat Report
by Sean Udall.
No positions in stocks mentioned.
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